FAANG companies: MATANA is the new FAANG as per analysts

FAANG stocks: Is MATANA the new FAANG? Check out what analysts are saying

Last updated:Mon Sep 12 2022

What is MATANA?

Constellation Research Principal Analyst & Founder has suggested that MATANA — Microsoft, Apple, Tesla, Alphabet (Google), Nvidia, and Amazon is an substitute to FAANG by dropping Facebook (Meta) & Netflix.
In 2013, Jim Cramer of CNBC had coined the term FAANG, who were the disrupters in their respective markets.

Facebook (Meta) needs to do something besides ads. Even though it is taking bets on VR glasses and metaverse, it has not reached there yet.
For Netflix, it's a question of growth and how much further they could go after its new subscription model.

As per Wang, Microsoft is positioned well for the metaverse, cloud and gaming business.
Nvidia is a lot more than just chips, data centre or gaming. They're sitting at the edge between AI, the metaverse, the future of computing.
Tesla is added due to its dominant position in the EV space.

Out of 58 analysts tracking Microsoft, 93% including JP Morgan, Wolfe Research have given a ‘Buy’.
Out of 52 analysts tracking Nvidia, 82% including Truist Securities, Benchmark have given a ‘Buy’ call.
Out of 50 analysts tracking Tesla, 80% including Jefferies, Piper Sandler have given a ‘Buy’ rating.

What is MATANA?
Constellation Research Principal Analyst & Founder has suggested that MATANA — Microsoft, Apple, Tesla, Alphabet (Google), Nvidia, and Amazon is an substitute to FAANG by dropping Facebook (Meta) & Netflix.
What does FAANG mean?
In 2013, Jim Cramer of CNBC had coined the term FAANG, which included Facebook, Amazon, Apple, Netflix and Google.
Why FAANG is famous?
From an investment perspective, these five stocks are generally praised for their stellar historical track records and clear leadership positions within their industries.
Is Microsoft not a FAANG?
No, Microsoft is not the part of FAANG stocks.